Nemaska Lithium (NMX:TSE) and Sherritt International (S:TSE) Trading at Less than Cash Value

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Trading at Less than Cash Value

Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.

What this Means…

Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.

Today’s Data on TSE

Today’s data is for companies listed on the Toronto Stock Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
KML Kinder Morgan Canada Ltd 15.860000 116298813 13.1491 2.8399 37.30 -0.17
CF Canaccord Genuity Group Inc 5.720000 114857175 16.8235 1.0370 8.10 6.28
NMX Nemaska Lithium Inc 0.335000 847134338 None 0.4776 0.43 -0.25
TRZ Transat A.T. Inc 4.800000 37605151 48.5000 0.3267 16.50 13.70
S Sherritt International Corp 0.410000 397281686 0.2390 0.1440 0.52 -1.26
GMP GMP Capital Inc 2.170000 72721000 15.5000 0.8877 7.09 6.70
FGE Fortress Global Enterprises Inc 1.150000 14949895 None 0.1583 1.68 -12.34
CQE Cequence Energy Ltd 0.520000 24553000 0.3432 0.0838 0.59 -1.85
KRN Karnalyte Resources Inc 0.220000 42174282 None 0.6482 0.25 0.60
XCT exactEarth Ltd 0.350000 21626288 None 0.8274 0.67 0.20
IPCI IntelliPharmaCeutics International Inc 0.240000 21925577 None 0.9581 0.30 0.22
EGL Eagle Energy Inc 0.085000 44244000 None 0.0472 0.17 -0.66
NKO.DL Niko Resources Ltd 0.015000 94049967 None None 0.05 -2.15
FTU US Financial 15 Split Corp 0.460000 1902494 None None 1.19 None
MNS Royal Canadian Mint 12.210000 4000 None None 23651.75 11260.75
MNT Royal Canadian Mint 18.740000 4000 None None 23651.75 11260.75

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

NMX:TSE Nemaska Lithium

http://www.nemaskalithium.com
Nemaska Lithium has 83 employees and is headquartered in Canada.
Nemaska Lithium Inc is an exploration stage lithium mining company in Quebec, Canada. It supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets and other consumer products.

S:TSE Sherritt International

http://www.sherritt.com
Sherritt International has 6963 employees and is headquartered in Canada.
Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and Madagascar.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.